Binding Agreement; No Assignment. This Agreement shall be binding upon, and shall inure to the benefit of, the Employee and the Company and their respective permitted successors, assigns, heirs, beneficiaries and representatives. This Agreement is personal to the Employee and may not be assigned by him. This Agreement may not be assigned by the Company except (a) in connection with a sale of all or substantially all of its assets or a merger or consolidation of the Company, or (b) to an entity that is a subsidiary or affiliate of the Company or the Parent. Any attempted assignment in violation of this Section 13 shall be null and void.
Appears in 3 contracts
Samples: Employment Agreement (NeoStem, Inc.), Employment Agreement (NeoStem, Inc.), Employment Agreement (NeoStem, Inc.)
Binding Agreement; No Assignment. This Agreement shall be binding upon, and shall inure to the benefit of, the Employee Executive and the Company and their respective permitted successors, assigns, heirs, beneficiaries and representatives. This Agreement is personal to the Employee Executive and may not be assigned by himher. This Agreement may not be assigned by the Company except (a) in connection with a sale of all or substantially all of its assets or a merger or consolidation of the Company, or (b) to an entity that is a subsidiary or affiliate of the Company or the ParentCompany. Any attempted assignment in violation of this Section 13 shall be null and void.
Appears in 2 contracts
Samples: Executive Employment Agreement (SmartMetric, Inc.), Executive Employment Agreement (SmartMetric, Inc.)
Binding Agreement; No Assignment. This Agreement shall be binding upon, and shall inure to the benefit of, the Employee Executive and the Company and their respective permitted successors, assigns, heirs, beneficiaries and representatives. This Agreement is personal to the Employee Executive and may not be assigned by him. This Agreement may not be assigned by the Company except (a) in connection with a sale of all or substantially all of its assets or a merger or consolidation of the Company, or (b) to an entity that is a subsidiary or affiliate of the Company or the ParentCompany. Any attempted assignment in violation of this Section 13 11 shall be null and void. SECTION 12.
Appears in 2 contracts
Samples: Employment Agreement (Phase Iii Medical Inc/De), Employment Agreement (Phase Iii Medical Inc/De)
Binding Agreement; No Assignment. This Agreement shall be binding upon, and shall inure to the benefit of, the Employee and the Company and their respective permitted successors, assigns, heirs, beneficiaries and representatives. This Agreement is personal to the Employee and may not be assigned by himher. This Agreement may not be assigned by the Company except (a) in connection with a sale of all or substantially all of its assets or a merger or consolidation of the Company, or (b) to an entity that is a subsidiary or affiliate of the Company or the ParentCompany. Any attempted assignment in violation of this Section 13 11 shall be null and void.
Appears in 1 contract
Samples: Employment Agreement (NeoStem, Inc.)
Binding Agreement; No Assignment. This Agreement shall be binding upon, and shall inure to the benefit of, the Employee Executive and the Company and their respective permitted successors, assigns, heirs, beneficiaries and representatives. This Agreement is personal to the Employee Executive and may not be assigned by him. This Agreement may not be assigned by the Company except (a) in connection with a sale of all or substantially all of its assets or a merger or consolidation of the Company, or (b) to an entity that is a subsidiary or affiliate of the Company or the ParentCompany. Any attempted assignment in violation of this Section 13 11 shall be null and void.
Appears in 1 contract
Samples: Employment Agreement (NeoStem, Inc.)
Binding Agreement; No Assignment. This Agreement shall be binding upon, and shall inure to the benefit of, the Employee and the Company and their respective permitted successors, assigns, heirs, beneficiaries and representatives. This Agreement is personal to the Employee and may not be assigned by him. This Agreement may not be assigned by the Company except (a) in connection with a sale of all or substantially all of its assets or a merger or consolidation of the Company, or (b) to an entity that is a subsidiary or affiliate of and the acquiring Company or the Parententity expressly assumes this Agreement. Any attempted assignment in violation of this Section 13 shall be null and void.
Appears in 1 contract
Samples: Employment Agreement (NeoStem, Inc.)
Binding Agreement; No Assignment. This Agreement shall be binding upon, and shall inure to the benefit of, the Employee Executive and the Company and their respective permitted successors, assigns, heirs, beneficiaries and representatives. This Agreement is personal to the Employee Executive and may not be assigned by him. This Agreement may not be assigned by the Company except (a) in connection with a sale of all or substantially all of its assets or a merger or consolidation of the Company, or (b) to an entity that is a subsidiary or affiliate of the Company or the ParentCompany. Any attempted assignment in violation of this Section 13 shall be null and void.
Appears in 1 contract
Binding Agreement; No Assignment. This Agreement shall be binding upon, and shall inure to the benefit of, the Employee Executive and the Company and their respective permitted successors, assigns, heirs, beneficiaries and representatives. This Agreement is personal to the Employee Executive and may not be assigned by him. This Agreement may not be assigned by the Company except (a) in connection with a sale of all or substantially all of its assets or a merger or consolidation of the Company, or (b) to an entity that is a subsidiary or affiliate of and the acquiring Company or the Parententity expressly assumes this Agreement. Any attempted assignment in violation of this Section 13 shall be null and void. Section 14.
Appears in 1 contract
Binding Agreement; No Assignment. This Agreement shall be binding upon, and shall inure to the benefit of, the Employee and the Company and their respective permitted successors, assigns, heirs, beneficiaries and representatives. This Agreement is personal to the Employee and may not be assigned by him. This Agreement may not be assigned by the Company except (a) in connection with a sale of all or substantially all of its assets or a merger or consolidation of the Company, or (b) to an entity that is a subsidiary or affiliate of the Company or the ParentCompany. Any attempted assignment in violation of this Section 13 11 shall be null and void.
Appears in 1 contract
Samples: Employment Agreement (NeoStem, Inc.)